Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
Nearly 80% of homeowners over 50 would prefer to age in place, but for many, a large home becomes a liability. The crucial question is, when should retirees downsize homes? The answer lies in a combination of financial readiness, health, and lifestyle goals.
Since 2020, at least 16 continuing care retirement communities (CCRCs) have filed for bankruptcy, putting thousands of older adults at risk of losing their deposits and homes. Understanding what is the problem with CCRC requires a deep dive into the underlying financial and contractual structures that can turn a promised 'forever home' into a precarious investment.
According to a 2022 survey by the Employee Benefit Research Institute, nearly one-third of retirees report that managing their finances, particularly regarding debt, is a significant challenge. This sheds light on a multifaceted issue, challenging the common misconception that retirement is a worry-free period. The biggest challenge of retirement is not a single issue, but a complex interplay of financial, social, and psychological factors that can impact a senior’s well-being.
While Continuing Care Retirement Communities (CCRCs) offer peace of mind, a study by the National Investment Center for Seniors Housing & Care highlights significant financial and contractual risks. Understanding **what are the cons of CCRC** is crucial for making an informed choice about your future.
According to industry experts, one of the most significant decisions for future residents is understanding the financial implications of different contracts. A clear understanding of **what is the difference between Type A and Type B CCRC?** is crucial for making an informed choice about your long-term care and financial stability.
According to the Social Security Administration, 62 is the most popular age to claim retirement benefits, but this decision has lifelong consequences for your finances. Understanding the trade-offs is crucial when asking, **Is it better to retire at 62-65 or 67?**
According to a 2023 study by SmartAsset, Florida saw a net migration gain of over 44,500 residents aged 60 and over, making it the most popular destination for retirees. However, the question, "What is the #1 retirement state?" has a more complex answer, with various rankings pointing to different top contenders, each with unique pros and cons.
According to a 2024 report by the Employee Benefit Research Institute (EBRI), debt among older Americans is on the rise. However, for many seniors, particularly those with limited income, federal and state laws offer significant protections. For this reason, it is crucial to understand **why seniors should not worry about old debts** as much as younger debtors might.
